Chinese state-owned groups hot for euro bonds

Cnooc has set the benchmark for other Chinese state-owned enterprises in issuing euro-denominated bonds, with Sinopec being the latest to seek an offering.

Chinese state-owned groups hot for euro bonds

Sinopec is keen to diversify its fundraising efforts in European markets, following in the footsteps of Cnooc, which managed to competitively price a euro-denominated tranche last week.

China’s biggest refiner has mandated several banks to arrange a series of fixed-income investor meetings in Europe, and conference calls with Asian and US based fixed income investors, commencing October 4, according to a source.

Citi, HSBC, JPMorgan, Société Générale and Goldman Sachs...

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